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RECEIVERS APPOINTED. St. Paul, Minn., December 23.-Frank A. Seymour and Attorney W. H. Lightner were this afternoon appointed by Judge Otis joint receivers of the Bank of Minnesota. They are required to file a joint bond of a million dollars.
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Trying to Get Even. NEW YORK, Dec. 23 -The sheriff to day received two attachments, aggregating $29,361, against the property in this city of the Back of Minnesota of St. Paul. which failed yesterday. One attachment of $21,361 was in favor of H. W. Millag on an assigned claim of the Third National bank of Boston and the other for $5,000 in favor of C. S. Loder. A deputy sheriff served copies of the attachments on the Chase National and Mechanics National banks
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BANK OF MINNESOTA. Work Will Commence Today Looking to Its Reorganization. St. Paul, Minn., Dec. 25.-John D. O'Brien, attorney for the Bank of Minnesota, announces that action will commence tomorrow looking to the reorganization of the bank. Both the stockholders and the depositors are in favor of putting the institution on its feet again, and the depositors are especially lenient in their demands. They are willing that their money shall be paid to them in four payments, in six, twelve, eighteen and twenty-four months. The stockholders will be asked to advance $600,000. This, with the good loans, will considerably more than pay every depositor dollar for dollar. It is now expected that the receivers can be discharged and the bank be put in the hands of its officers again by the middle of January. As the stockholders' bank has been a feeder of the older institution is will be reorganized on the same basis.
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St. Paul Bank Teller Disappears. Chicago, Dec. 28.-A special from St. Paul, Minn., says: Leander Bosch, paying teller of the suspended Bank of Minnesota, has disappeared. There is a small discrepancy in his accounts.
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A Paying Teller Absconds. CHICAGO, Dec. 28.-A special from Paul, says: Leander Bosch, payg teller of the suspended bank of innesota has disappeared. There is small discrepancy in his accounts.
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GETTING ON ITS FEET AGAIN. Bank of Minnesota Prepares for Reorganization. ST. PAUL, Dec. 27.-A meeting of the officers, directors and a few stockholders of the Bank of Minnesota has been held and the present situation of affairs discussed. After carefully going over the situation a resolution was adopted that the bank be reorganized. A committee of three, consisting of William Dawson, E. W. Peet and Arnold Kalman, was appointed to formulate a plan of reorganization, and the meeting adjourned to be called together by the committee. The reorganization will be forntulated early this week, including the receivers, to facilitate the speedy reopening of the bank. Receiver Seymour is giving his time to the financial affairs of the bank and S. complete statement of its condition is expooted shortly.
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BANK CLERK MISSING. Chicago, Dec. 28.-A special from St. Paul, Minn., says: "Leander Bosch. paying teller of the suspended bank of Minnesota, has disappeared. There is a small discrepancy in his accounts."
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PAYING TELLER SHORT. Chicago, Dec. 28.LA special from St. Paul says: Leander Bourch, paying teller of the suspended Bank of Minnesota, has disappeared. There is a small discrepancy in his acocunts.
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Chicago, Dec. 28.-A special from St. Paul, Minn., says: Leader Bosch, paying teller of the suspended Bank of Minnesota, has disappeared. There is a small discrepancy in his accounts.
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WILL REORGANIZE Officers and Directors of the Minnesota Meet. St. Paul, Dec. 28.-A meetir officers. directors and a few 8 ers of the Bank of Minnesota at the bank, and the present of affairs discussed. After going over the situation the resolution was offered and ly adopted: "Resolved, That it is the the directors, stockholtlers and present at this meeting that of Minnesota be reorganized. A committee of three, cons Messrs. William Dawson, E. and Arnold Kalman, was app foribulate a plan of reorganiz the meeting adjourned to be gether by the committee. ganization committee will go at once, and it is thought the of reorganization will be fo early this week. Anxiety is by everybody connected with fair, including the receivers, tate the speedy re-opening bank.
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The Bank of Minnesota, at St. Paul, was placed in the hands of a receiver on Tuesday of last week. It is expected that the liabilities will be paid in full. The bank was one of the oldest institutions in Minnesota.
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PAYING TELLER GONE. Official of the Suspended Bank of Minnesota Disappears. St. Paul, Dec. 29.-Leander Bosch, paying teller of the suspended Bank of Minnesota, has disappeared. There is a small discrepancy in his accounts.
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The Failed St. Paul Banks. St. Paul, Minn., Dec. 26.-John D. O'Brien, attorney for the Bank of Minnesota, announces that action will commence to-day looking to the reorganization of the bank. Both the stockholders and the depositors are enthusiastically in favor of putting the institution on its feet again and the depositors are especially lenient in their demands. They are willing that their money shall be paid to there in four payments, in six, twelve, eighteen and twenty-four months. The stockholders will be asked'to advance $000,000. It is now expected that the receivers can be discharged and the banks be put in the hands of its officers again by the middle of January. As the Stock Yards bank is a feeder of the older institution, It will be reorganized on the same basis.
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ALL SERENE. St. Paul Seems to Have Entirely Recovered from the Financial Flurry. St. Paul, January 5.-In banking cir. cles to-day it seemed almost as if the scare had gone with the blizzard for the banks were very much less wor. ried by withdrawals. The banks that closed yesterday were in charge of their clerical forces, making up the reports Maurice Auerbach, as receiver, took the place of Bank Examiner Kenyon in charge of the Allemania, his bond of $250,000 being filed this morning. The re-organization committee of the stock. holders of the Bank of Minnesota is meeting with the heavier depositors to devise a means or re-organization. Thirty depositors, with $175,000 in the bank, were at yesterday's meeting. The depositors of the Union Stockyards Bank at South St. Paul, are to meet later in the week to consider the subject of re-organization, the receiver's report showing the bank to be in good condition.
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Feels Hopeful. In the opinion of John D. O'Brien, attorney for the Bank of Minnesota of St. Paul, the affairs of tne bank are in such condition that a speedy re-organization should be expected. As a business proposition the stockholders desire it; the depositors of the bank are hopeful that the receivers will soon be discharged and the affairs of the bank again placed in the hands of the officers. Mr. O'Brien said that he thought the suspension of the bank was pressed forward with too great rapidity.
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Feels Hopeful. In the opinion of John D. O'Brien, attorney for the Bank of Minnesota of St. Paul, the affairs of tne bank are in such condition that a speedy re-organization should be expected. As a business proposition the stockholders desire it; the depositors of the bank are hopeful that the receivers will soon be discbarged and the affairs of the bank again placed in the hands of the officers. Mr. O'Brien said that he thought the suspension of the bank was pressed forward with too great rapidity.
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MINNESOTA BANKS RECOVERING, Reorganization to Be Pushed Forward Speed. ST. PAUL, MINN., Jan. 8.-The banks of St. Paul and Minneapolis are recovering much more rapidly than was expected from the shock of the past two weeks. The assets of the Germania Bank of St. Paul have been found in excellent shape and the reorganization will be pushed with all possible speed. The committees appointed by depositors of the Bank of Minnesota to look after their interests while the reorganization is being perfected, has met Wm. Dawson, president, and Wm. Dawson, Jr., cashier of the bank, and obtained from them as detailed accounts of the actual condition of the bank as they could furnish. This committee represents depositors who had on deposit more than $1.000,000, and are willing to act together in the matter of reorganization through the committee. It expects to have a plan to present to the depositors shortly by which they will eventually receive dollar for dollar. A serious question now being agitated is what the city and county is to do for funds with which to carry on business. In round figures there is fied up in city and county funds in the four suspended banks $300,000. of which $247,000 belongs to the city and $53,000 to the county
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WESTERN BANKS TO REORGANIZE. A Better Outlook in St. Paul and Minneapolis. Sr. PAUL, Minn., Jan. 8.-The banks of St. Paul and Minneapolis are recovering much more rapidly than was expected from the shock of the last two weeks. The assets of the Germania Bank of St. Paul have been found to bein excellent condition, and the reorganization will be pushed with all possible speed. The committee appointed by depositors of the Bank of Minnesota to look after their interests while a reorganization is being perfected has met William Dawson. President, and William Dawson. Jr., cashier of the bank. and obtained from them detailed accounts of the condition of the bank. This committee represents depositors who had on deposit more than $1,000,000. and are willing to act together in the matter of reorganization through the committee. It expects to have a plan to present to the depositors soon by which they eventually will receive dollar for dollar. A serious question now being agitated is what the city and the county are to do for funds with which to carry on current business. In round figures there is tied up in city and county funds in the four suspended banks $300,000. of which $247,000 belongs to the city and $53,000 to the county.
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ST. PAUL BANKS RECOVERING. Reorganization Proceeding - Question as to Public Funds. ST. PAUL, MINN., January 8.-The banks of St. Paul and Minneapolis are recovering much more rapidly than was expected from the shock of the past two weeks. The assets of the Germania Bank of St. Paul have been found in excellent shape, and the reorganization of the institution will be pushed with all possible speed. The committee apppointed by the depositors of the Bank of Minnesota to look after their interests while reorganization is being perfected has met William Dawson, president, and William Dawson. Jr., cashier of the bank, and obtained from them as detailed accounts of the actual condition of the bank as they could furnish. This committee represents depositors who had on deposit more than $1,000,000 and are willing to act together in the matter of reorganization through the committee. It expects to have a plan to present to the depositors shortly, by which they will eventually receive dollar for dollar. A serious question now being agitated is what the city and county are going to do for funds with which to carry on current business. In round figures, there is tied up in city and county funds in the four suspended banks $300,000, of which $247,000 belongs to the city, and $53,000 to the county.
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CONDITION AT ST. PAUL. Marked Activity in Banking Circles-The City in a Bad Way Financially. St. Paul., Minn., Jan. 8.-The banks of St. Paul and Minneapolis are recovering much more rapidly than was expected from the shock of the past two weeks. The assets of the Germania bank of St. Paul, have been found in excellent shape and the reorganization will be pushed with all possible speed. The committee appointed by depositors of the Bank of Minnesota to look after their interests while a reorganization is being perfected has met William Dawson, president, and William Dawson, Jr., cashier of the bank, and obtained from them as detailed accounts of the actual condition of the bank as they could furmish. The committee represents depositors who had on deposit more than $1,000,000, and are willing to act together in the matter of reorganization through the committee. It expects to have a plan to present to the depositors shortly by which they will eventually receive dollar for dollar. A serious question now being agitated is what the city and county is to do for funds with which to carry on the current business. In round figures there is tied up in the city and county-funds in the four suspended banks $300,000, of which $247,000 belongs to the city, and $53,000 to the county.
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Ready to Pay 10 Per Cent. Receivers Seymour and Lightner of the Bank of Minnesota, whose failure at St. Paul last December precipitated so great a financial crisis, have made their first report and asked orders to pay a 10 per cent dividend.
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Bank of Minnesota. ST. PAUL, Jan. 12.-The petitions of the receivers of the Bank of Minnesota, are being heard by Judge Otis today. Receiver Seymour presented his resignation, intending to go into other business.
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Bank of Minnesota. ST. PAUL, Jan. 12.-The petitions of the receivers of the Bank of Minnesota, are being heard by Judge Otis today. Receiver Seymour presented his resignation, intending to go into other business.
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Bank of Minnesota Dividend. A final 10 per cent dividend of the defunct Bank of Minnesota of St. Paul will be paid to-day and the affairs of the receiver will be closed as speedily as possible. Creditors have received a total of 70 per cent.